Peoples Bancorp, Inc. (OTCPK: PEBC), the holding company for The Peoples Bank ("Peoples Bank"), and Hanscom Federal Credit Union ("Hanscom") have announced that Hanscom has acquired the majority of assets and assumed the majority of liabilities of Peoples Bank in an all-cash transaction.
Olsen Palmer LLC served as financial advisor to Peoples Bancorp, Inc.
The transaction marks Hanscom’s official entry into a new state. Peoples Bank now operates as Peoples Powered by Hanscom Federal Credit Union. On a pro forma basis, Hanscom has approximately $2.1 billion in total assets and operates branches across three states. Hanscom plans to retain all employees of Peoples Bank.
Olsen Palmer is the #1 ranked sell-side bank M&A advisor nationwide – and top 3 overall – based on the number of transactions advised upon in 2025, according to S&P Global.